April Digest

MEMX proves to be the fastest growing U.S. equity exchange

Highlights & Recent Developments

  • In April, MEMX hit another monthly record in average daily market share (2.16%) and shares traded (214 million).
  • The exchange also had one-day records in market share (2.77%), notional value traded ($7.1 billion), and symbols traded (7,029).
  • MEMX closed out the month of April as 6th largest of the 16 U.S. equity exchanges.
  • MEMX’s market share grew 46% in April—bringing total market share growth to well over 200% since the start of the year. 
  • In the past 6 months, MEMX’s market share has surpassed 10 other equity exchanges.

Market Share

MEMX has an average daily matched share volume of 214 million shares, 2.16% total market share, and 3.84% on exchange market share for the month of April.

In the last week of April, MEMX’s market share growth pushed the exchange into 6th position.

Volume & Diversity of Liquidity

MEMX is trading over 6,800 symbols each day with broad retail participation across Tape A, B and C. The exchange has 55 members with a broad mix of participants trading daily including banks, institutions, retail brokers, and market makers.